CM 1986-10-28 Minutes of October 28, 1986
The City Council of the City of Coppell met in regular session on
Tuesday, October 28, 1986 at 7:30 p.m. in the Council Chambers of the
Coppell Town Center. The following members were present:
Lou Duggan, Mayor
Dale Ware, Mayor Pro Tem
Dean Wilkerson, Councilman
Tom Morton, Councilman
Jim Cowman, Councilman
Mark Wolfe, Councilman
Dan Stanton, Councilman
Councilman Bill Smothermon was not present. Also present were Acting
City Manager Frank Trando, City Secretary Dorothy Timmons and City
Attorney Larry Jackson.
The meeting was called to order and everyone asked to stand while
Councilman Cowman gave the invocation.
MAYOR'S REPORT
Item 1: Mayor's report.
Mayor Duggan reported on the following items:
A. The Council wished to thank Molly Keith of Coppell Cuttery for
the collection of five hundred dollars ($500.00) to help in
the furnishing of the City Hall facilities.
B. Mockingbird Railroad Crossing - The signalization is in place
and the intersection should be open on Monday, November 3,
1986.
C. It is anticipated that the MacArthnr Boulevard intersection
will be opened by November.
D. Parkwood drainage ditch bids will be open this coming Thursday
and construction should begin shortly thereafter.
E. Councilman Cowman informed the Council that the E-911 services
will be in effect the end of November or first of December
rather than October 31st as originally anticipated.
F. Mayor Duggan recognized a representative from Ed Bell Con-
struction Company concerning Beltline Road construction. This
company is operating the concrete batch plan located on
Beltline Road which has been sited for operation of a non-
conforming use. This firm has assumed the lease on the
concrete batch plant that is located on the Hattie Mae Lesley
property and will be before the Planning and Zoning Commission
in November for approval on a Specific Use Permit. Addition-
ally, this company will be constructing the Beltline Road
improvements. Their request is to be allowed to continue
operations of the batch plant until approval can be obtained
through a formal process. Councilman Wilkerson stated that he
would like to withdraw from discussion on this item because of
possible conflicts of interest. Following discussion by the
Council on this item it was the consensus of the Council to
allow Ed Bell Construction Company to continue operation of
the batch plant for improvements to Beltline Road. This
consensus for continuing operation in no way obligates the
Planning and Zoning Commission or Council when final approval
comes back through due process.
CITY MANAGER'S REPORT
Item 2: Interim City Manager's Report
Acting City Manager Frank Trando gave the following report:
A. It is the Staff's interpretation that the Comprehensive Zoning
Ordinance no longer allows grandfathering under present
zoning regulations. Residents on Howell and Bullock Street
would be required to apply for a Specific Use Permit. It was
a consensus of the Council to amend the Ordinance to allow
those businesses currently in operation on Howell and Bullock
Street to be grandfathered for current owners only. An
amendment will be prepared and brought back before the
Council.
CITIZENS APPEARANCES
Item 3: Consider citizens who wish to speak before the City Council.
Mrs. Vivian Checkly was recognized and stated she would like to state
her appreciation for Council's consideration concerning the Zoning on
Howell and Bullock Street. Mr. Johnny Thompson was recognized and
voiced his objections to the annexation of his property on East Beltline
Road. Mr. Thompson was informed that two Public Hearings had been held
prior to the adoption of the ordinance annexing his property.
STAFF REPORTS
Item 4: Discussion and consideration of a Metrocrest Satellite Branch
Office to be located in the City facility.
Mr. Lee Tench President of the Metrocrest Chamber of Com~aerce made the
presentation to the Council. Mr. Tench stated it is their desire to
place a newcomers and visitors bureau within the City of Coppell with
the satellite office being located within City Hall if possible. It is
their desire to have an office that would specifically serve the Coppell
area. Approximately one hundred to two hundred square feet are needed.
A separate private line would be installed for the use of the Chamber
employees. City Attorney Larry Jackson informed the Council that the
City would have no legal problems with the lease of space to the Chamber
offices. Following discussion Councilman Morton moved that the City
Staff be directed to work with the Metrocrest Chamber of Commerce to
provide space for a satellite office within the City Hall. Councilman
Wolfe seconded and motion carried unanimously with Mayor Pro Tem Ware,
Councilmen Wilkerson, Morton, Cowman, Wolfe and Stanton voting in favor
of the motion.
Item 5: Discussion and consideration to approve a request for payment
to O'Brien, O'Brien, Calloway Architects for additional
professional services provided beyond the contract for the new
Town Center complex.
Acting City Manager Frank Trando made the presentation to the Council.
The amount of the bill requested for payment is twenty two thousand,
nine hundred thirty three dollars and ten cents ($22,933.10). The
request for payment states that these services are beyond the original
scope of services provided for in the contract. Following discussion on
this item Councilman Wolfe moved that it be tabled for decision until a
later date. Councilman Morton seconded and motion carried unanimously
with Mayor Pro Tem Ware, Councilmen Wilkerson, Morton, Cowman, Wolfe and
Stanton voting in favor of the motion.
CONSENT AGENDA
Item 6: Approval of bills.
Following discussion on this item Councilman Wolfe moved that the bills
be approved for payment with the exception of the Metrocrest Chamber
bill in the amount of seventy five dollars ($75.00). Councilman Morton
seconded and motion carried unanimously with Mayor Pro Tem Ware, Councilmen
Wilkerson, Morton, Cowman, Wolfe and Stanton voting in favor of the
motion.
PUBLIC HEARING
Item 7: PUBLIC HEARING - On Benefit Assessment Program for street and
storm drainage improvements for Beltline Road north-south from
IH635 to Beltline Road east-west.
Mayor Duggan stated that the Public Hearing had been left open on this
item from the previous meeting. He then asked for any additional
persons in the audience who wished to speak against the proposed street
assessment. Those persons speaking were Mr. James Taylor who was
speaking in behalf of the Northlake Creative Learning Center, Mr. Jerry
Jordan representing the Hattie Mae Lesley property and Mr. James North
representing Texas Utilities. Mayor Duggan then asked if there were
additional persons who wished to speak for the proposed street assess-
ment program. There were none. The Public Hearing was then declared
,--- closed. Councilman Wolfe moved that the information provided by SVB
Real Property Services be attached a permanent part of these Minutes.
Councilman Morton seconded and motion carried unanimously with Mayor Pro
Tem Ware, Councilmen Wilkerson, Morton, Cowman, Wolfe and Stanton voting
in favor of the motion.
RESOLUTION
Item 8: Consider approval of a Resolution closing the public hearing
for street and storm drainage improvements for Beltline Road
north-south from IH635 to Beltline Road east-west and
authorizing the Mayor to sign.
Councilman Stanton moved that Resolution 9102886.1 be approved.
Councilman Cowman seconded and motion carried unanimously with Mayor Pro
Tem Ware, Councilmen Wilkerson, Morton, Cowman, Wolfe and Stanton voting
in favor of the motion.
ORDINANCE
Item 9: Consider approval of an ordinance levying the benefit
assessment for street and storm drainage improvements for
Beltline Road north-south from IH635 to Beltline Road east-
west and authorizing the Mayor to sign.
Councilman Stanton moved that Ordinance #86-367 levying the benefit
assessment for street and storm drainage improvements for Beltline Road
north-south be approved. Councilman Cowman seconded and motion carried
unanimously with Mayor Pro Tem Ware, Councilmen Wilkerson, Morton,
Cowman, Wolfe and Stanton voting in favor of the motion.
Item I0: Consider approval of an ordinance of the annexation of land
located east of the eastern most City limits and along the
Right-Of-Way of the St. Louis and Southwestern Railroad and
authorizing the Mayor to sign.
Following discussion on this item Councilman Morton moved that Ordinance
#86-368 be approved. Councilman Wolfe seconded and motion carried
unanimously with Mayor Pro Tem Ware, Councilmen Wilkerson, Morton,
Cowman, Wolfe and Stanton voting in favor of the motion.
Item I1: Consider approval of an ordinance of the annexation of 4.983
acres of land located west of the intersection of Beltline
Road and Cowboy Drive and authorizing the Mayor to sign.
Following discussion on this item Councilman Wolfe moved that Ordinance
#86-369 be approved. Councilman Morton seconded and motion carried
unanimously with Mayor Pro Tem Ware, Councilmen Wilkerson, Morton
Cowman, Wolfe and Stanton voting in favor of the'motion.
Item 12: Consider approval of amendments to the Sign Ordinance and
authorization for the City Attorney to draft an Ordinance for
Council's consideration.
Discussion was then held as to the proposed draft of an amended Sign
Ordinance. Following discussion on this item Mayor Duggan appointed a
Co~mittee composed of Councilman Morton, Councilman Wolfe, Attorney Jay
Turner and Chief Inspector Dale Jackson to work together on the various
items discussed and bring back for Council consideration a proposed
ordinance. Following further discussion on this item Councilman
Wilkerson moved that this item be tabled until such time as the sub-
committee is prepared to bring back a proposed and revised Sign
Ordinance. Councilman Morton seconded and motion carried unanimously
with Mayor Pro Tem Ware, Councilmen Wilkerson, Morton, Cowman, Wolfe and
Stanton voting in favor of the motion.
SIGN VARIANCE
Item 13: PUBLIC HEARING - Sign Variance Application #86-05-27.5
To consider approval of a sign variance for Pizza Hut of
America, Inc. from Section 10-6-1 (C.2) of the City of Coppell
Sign Ordinance, on property located on the southeast corner of
Sandy Lake Road and MacArthur Boulevard in the Corners of
Coppell.
Date of Planning and Zoning Meeting - June 19, 1986
Decision of Planning and Zoning Commission - Approval 4-0
Ms. Andrea Foreman made the presentation to the Council. The Planning
and Zoning Commission has recommended by a 4-0 vote approval of this
sign variance. Mayor Duggan declared the Public Hearing open and asked
for those persons who wished to speak for the proposed sign variance.
There were none. He then asked for those persons who wished to speak
against the proposed sign variance. Again, there were none. The Public
Hearing was declared closed. Following discussion on this item
Councilman Wilkerson moved that the request be denied. Councilman
Morton seconded and motion carried 4-2 with Mayor Pro Tem Ware,
Councilmen Wtlkerson, Morton, and Stanton voting tn favor of the motion ~_~
and Councilmen Cowman and Wolfe voting against the motion.
PLATTING
REPLAT
Item I4: Consider approval of replat of Lots 9 and 10, Block "J",
Northlake Woodlands East - Phase 6; to: Lot 9-R, Block "J".
Mr. Steve Parsons representing Troth Enterprises made the presentation
on this item. Applicant was questioned as to the filing of the
Homeowners Agreement as required in the Streetscape Plan. Following
discussion Mayor Pro Tem Ware moved that this plat be approved with the
stipulation contingent upon the filing of the Homeowners Agreement.
Councilman Wolfe seconded and motion carried unanimously with Mayor Pro
Tem Ware, Councilmen Wilkerson, Morton, Cowman, Wolfe and Stanton voting
in favor of the motion.
FINAL PLAT
Item 15: Final Plat Application #86-09-17
To consider approval of a final plat for the Children's World
Day Care Center, on property located along the west side of
Moore Road, north of Sandy Lake Road.
Date of Planning and Zoning Meeting - October 16, 1986
Decision of Planning and Zoning Commission - Approved for
Alternate Site
Plan, with a 30'
sideyard setback
6-0
Mr. Terry Jansen made the presentation to the Council. Questions were
also raised by the Council concerning the filing of the Homeowners
Agreement on this site. Applicant indicated it had not been filed
however he had no problems with the filing. Following discussion on
this item Councilman Wilkerson moved that the final plat be approved
contingent upon the Homeowners Agreement being filed as required in the
City of Coppell Streetscape Plan. Councilman Stanton seconded and
motion carried unanimously with Mayor Pro Tem Ware, Councilmen
Wilkerson, Morton, Cowman, Wolfe and Stanton voting in favor of the
motion.
PRESENTATIONS
Item 16: Review of Flood Plain Analysis presented by Nathan D. Meier .
Mr. Nathan Maier of Nathan Maier Consulting Engineers made the presen-
tation to the Council. He reviewed information on the Regional Environ-
mental Impact Statement (REIS). Mr. Maier informed the Council that
this statement addresses concerns that developments in the Trinity River
area would increase run-off in this area and therefore cause additional
flooding problems in the Woodridge sub-division on the east side of
MacArthur Boulevard. This study does indicate that the City has done
proper planning in protecting themselves against any run-off from the
Elm Fork of the Trinity River, however additional planning needs to be
done for the City to protect themselves on other tributaries such as the
Denton Creek area. A copy of this report is filed as a part of the
permanent records of the City.
Item I7: Article 6252-17, Section (e) discussion with City Attorney.
A. Discussion with City Attorney concerning water storage
property.
The meeting then went into Executive Session as allowed under the above
stated article. Following the Executive Session the meeting was
declared open to the public and was adjourned.
~'ou- Du~ghn, Mayor ///-
ATTEST:
I
Dorot y Timm~-~C~:~ Secretary
MINUTESMNiTS 102886
CITY OF COPPELL
ROAD ASSESSMENT DISTRICT
BELTLINE RD. NORTH/SOUTH FROM 635 TO DENTON TAP
OCTOBER 21 & 28, 1986
SVB REAL PROPERTY SERVICES CO.
2001 BRYAN TOWER
SUITE 3910
DALLAS, TEXAS 75201
(214) 969-6910
SUITE 3910
2001 BRYAN TOWER
DALLAS, TEXAS 75201
(214) 9694912
(214) 9694,910
October 28, 1986
City of Coppell
Honorable Mayor and Council Members
Re: Road Assessment District for Beltline Rd. North/South
Dear Mayor and Council Members:
According to your request, we have reviewed the above
referenced properties. The properties are briefly described
as abutting to Beltline Rd. North/South from Interstate 635
to 160 linear feet north of the intersection of Beltllne and
Southwestern Blvd.
The purpose of our analysis of the properties and the area
was to gather the information necessary to estimate the
enhancement to current market value, also known as special
benefit, to be enjoyed by the abutting property owners as a
result of the improvement to Beltline North/South for the
establishment of a Road Assessment District.
Market value is defined as "the most probable price in terms
of money which a property should bring in a competitive and
open market under all conditions requisite to a fair sale,
the buyer and seller, each acting prudently, knowledgeably
and assuming the price is not affected by undue stimulus."
Our estimates of market value and enhancement due to the
improvement of Beltline North/South cover real property only.
No personal property, furniture, fixtures, business goodwill,
etc. have been included in the value estimates.
After our analysis of the neighborhood, the region, and the
trends, it is our opinion that each property is enhanced as
shown in Exhibit A of the City of Coppell Resolution
concerning the the closing of the public hearing on October
28, 1986. Our opinions of enhancement are as of October 21,
1986.
Respectfully submitted,
SVB REAL PROPERTY SERVICES CO.
5UI~3910 SUITE 3910
2~IBRYANTOWER 2001 BRYAN TOWER
' DAllAS, TEXAS75201 DALLAS, TX 75201
(214)
(214)
TABLE OF CONTENTS
REGIONAL NEIGHBORHOOD AND TRENDS ANALYSIS
COMPARABLE SALES IN THE SUBJECT AREA WITH MAP
APPRAISAL SUMMARY
SUMMARY OF ASSESSMENTS ON SELECTED PROPERTIES
RESOLUTION CLOSING THE PUBLIC HEARING
EXHIBIT A - ENHANCEMENT COMPARED TO ASSESSMENT
EXHIBIT B - FRONT FEET AND ASSESSMENT
ORDINANCE LEVYING ASSESSMENTS
REGIONAL NEIGHBORHOOD
AND
TRENDS ANALYSIS
REGIONAL ANALYSIS
The subject properties are within the Dallas/Fort Worth
Standard Metropolitan Statistical Area. The Dallas/Fort
Worth SMSA is an economically integrated area covering 11
contiguous counties in North Gentral Texas with a total land
area of approximately 8,360 square miles and an estimated
population of 2,974,819 as of the 1980 census. It is the
ninth largest SMSA in the nation in terms of population. The
area is a perceptual region as identified by local residents,
including a quasigovernmental coordinatiang body, and is
identified as a market area by various sources. It is
approximately 300 miles north of the Gulf of Mexico. The
area is promoted as, and the public is beginning to identify
the area as, the "Metroplex."
Economic Base
Dallas is the business capital of one of America's
fastest growing areas of opportunity. It is an integrated
regional market whose gains in population, income,
transportation, and other economic indicators year after year
outstrip the national average.
The most prominent single force in the wholesale
distribution category is the Dallas Market Center complex.
The World Trade Center, Apparel Mart, Home Furnishings Mart,
Market Hall, Decorating Center, and Trade Mart make up a
7,600,000 square foot show room and exhibit complex in
Dallas. Approximately 2§,000 manufacturers and designers can
show their wares which include home furnishings, apparel,
gifts, floor coverings and toys. At the several dozen
markets per year, the half million buyers and retailers which
the markets attract place about six billion dollars in orders
and spend about $300,000,000 annually on sales commissions
and services such as hotel rooms and restaurants.
The impact of this money on the Dallas economy is
probably four to five times that amount, meaning that the
Market Center is a one billion dollar boost annually to the
local economy. Buyer attendance has been increasing
annually at the rate of 10 to 25 percent per year. The ,
Market Center has grown in reputation to the point that there
are ongoing arguments as to which location across the countr~
is now number one or number two in importance for various
lines of consumer merchandise. There is no question that the
Dallas Market Center is physically the largest wholesale
merchandising mart in the world.
In 1982, there were 1,998 conventions in Dallas: 11.7~
were classified as international; 47~ as national meetings;
another 25~ as regional, including at least the five state
area; and 16.3% were state meetings only. First dollar
impact was something in excess of $533,000,000.
The area has 4,200 factories producing a variety of
products typified as "clean" manufacturing versus the heavy
in~ustrial type operation. General Dynamics Corporation tn
Fort Worth is one of the world's largest industrial plants.
Transportation equipment, which includes the aerospace
manufacturers, and electrical machinery, which includes the
computers, are the two largest manufacturing employers in the
SMSA.
Dallas is the site of the Federal Reserve Bank for the
Eleventh District. There were 2§7 commercial banks in the
Dallas/Fort Worth SMSA in 1983 with total assets of 39
billion dollars. In 1977, Texas as a whole was first in new
bank openings and the pace has continued for several years.
The SMSA ranked second nationally as an insurance center and
third in the number of firms (1,100 plus) with a net worth of
$1,000,000 or more. Texas as a whole was first in use with a
net worth of $1,000,000 or more.
The tax situation in the region is one of the reasons
for an attractive business climate. There are no corporate
or personal income taxes in Texas and ad valorum taxes are
quite low in comparison to other states. The average tax
burden in Texas is one of the lowest in the nation. The
total property tax burden in Texas is typically slightly less
than 2~ of the value of the property and is well below the
national average according to the Tax Foundation, Inc.
Transportation facilities are both an asset and a
detriment to the local economy. The Metroplex is the largest
metropolitan area in the country which lacks a seaport or
other major water transportation facilities. It is totally
interconnected with the Federal Interstate Highway System, is
a rail center with nine lines serving Dallas alone, and is
the site of the nation's second largest airport. This
situation is a maJo~ factor in the development of "clean"
industries found in the region.
The Dallas/Fort Worth International Airport, completed
in January, 1974, is the second largest commercial airport in
the nation. Located midway between the two primary cities,
the airport was constructed on an approximate 20,000 acre
site at a cost of almost $?00 million. It plays a dominant
part in the D/FW metropolis becoming a world trade center and
its impact on the area economics and real estate is almost
immeasurable. The total direct and indirect impact of the
airport, measured in dollars, on the regional economy was
estimated at $2.1 billion for 1980. Obviously, the airport
exerts considerable influence on the metroplex.
The air, rail, and freeway facilities have developed the
area into a distribution center for the Southwest, as well as
much of the United States. The existence of superior
transportation facilities is the singularly most ofter cited
reason for the selection of the Dallas/Fort Worth area by
firms who have relocated their corporate headquarters to this
area.
Population and Employment
The regional population of 3,000,000 represents
approximately 1,100,000 households, or an average household
size of about 2.7 persons. The median age of the population
is approximately 29 years old. This is approximately one
year older than the median age in the Houston or Atlanta
areas but one year younger than the median age in New York.
The regional labor force of over 1.75 million is the
second largest in the south. The average education level of
12.5 years (per the Census Bureau) includes almost 30~ of the
population, over 25, which has at least attended college.
This situation creates an environment where white collar
employees are quite plentiful (and in demand), but the
shortage of available blue collar employees is often cited as
a shortcoming of this area.
Since 1950, the Dallas/Fort Worth metropolitan area has
accounted for over 32~ of the population growth and almost
22~ of the total growth in the five state area which includes
Texas, Oklahoma, Louisiana, Arkansas, and New Mexico. of
that increase in the Dallas/Fort Worth area, only 26~ could
be attributed to net immigration. Natural increase, or the
excess of births over deaths, accounted for the remaining
74~.
Over the last ten years, manufacturing employment has
increased over 18~ in Dallas/Fort Worth as compared to an
increase in Atlanta and over a 17~ decrease in Ghlcago. A
recent County Business Patterns from the Bureau of the Census
identifies almost 200 businesses which have 500 or more
employees. The categories represented by these larger firms
are generally construction, food, clothing, machinery
manufacturing, trucking, warehousing, transportation,
wholesale and fetal1 trade, finance, insurance, real estate,
hospitals anda health services, and publishing. The greaest '
number of firms are found in the service industries and
retail trade, and followed by wholesale trade, fire
insurance, real estate, contract construction, and
manufacturing.
For at least two years, Dallas has registered the
largest number of plant expansions of any city in the country
and ranks fourth in plant expansions when compared
nationally. Businesses generally have a very good labor
relations record, with union membership amounting to
approximately 10~ of labor force. Employers pay unemployment
compensation tax to the state based on their indivldual
records of unemployment claims filed against them.
Approximately 76~ of the employers in the state are eligible
for the minimum rate of four-tenths of one percent of wages
paid, based on their experience rating. Employees that have
had an account with the state for at least two years are also
subject to pay a one-tenth of one percent surtax which was
levied to help repay the interest on a federal loan made to
the state in 1982 to cover a shortage in the unemployment
compensation fund. The surtax was initiated in the last
quarter of 1982 and was continued through the first quarter
of 1985. As a Right to Work state, Texas is quite attractive
to many employers.
Political - Governmental Factors
The SMSA includes 11 individual counties, each with its
own government organizations, directed by a group of elected
officials (county commissioners) whose chairman or president,
who is also elected, is referred to as the county Judge.
County revenues are predominantly from real property taxes,
with the largest single application of funds normally being
highway maintenance. Other important functions at the county
level are maintenance of public records, county hospitals,
and Judicial operations.
In many cases the governmental units having the greatest
day to day impact upon the citizenry are the local
municipalities. The local towns and cities are predominantly
operated on an elected major/council basis with a city
manager being responsible for day to day operation. Local
cities typically provide fire and police protection, water
and sewer services, refuse collection from single family
residential locations, and street maintenance. Cities
typically effec~ land use controls in the form of overall
land use plannlng, zoning regulations, and various building
codes.
Slightly over 40~ of the operating revenues for Dallas
and Fort Worth, the major cities in the area, are generated
by property taxes. This same source w111 typlcally provide
Just over 50~ of the total revenue in the suburban
communities. User fees, bonds, government grants, and sales
and beverage taxes provide most of the balance of municipal
revenues.
Public education is provided by independent school
districts, which normally coincide with the boundaries of one
or more cities in more densely populated areas, or cover
entire portions of a county in outlying areas. School
districts are operated independently of any municlpal
organizations.
Because of the diversity of municipalitles and school
districts within the region, a wide range of quality,
capacity, and reputation is found.
Conclusions
This region is a dynamic and rapidly growing
metropolitan area. It has developed as one of the primary
commercial centers in the southern United States and indeed
the country.
From a beginning as an agricultural center, modern
industrial development has been in the high technology area,
with industries that can change directions relatively quickly
to keep pace with changing demand patterns. Unemployment
levels are consistently quite low. The cost of living index
has been below the national average for many years, but is
growing rapidly.
All factors considered, the current situation, and
almost all factors which will influence future conditions are
very positive in this region. The appralsal property,
properties in the neighborhood area, etc., should be quite
successful when properly operated.
COMPARABLE SALES IN THE SUBJECT AREA
GRANTOR: CONNELL DEVELOPMENT
GRANTEE: NIKOR
DATE: 1985
LOCATION: NORTHLAKE 635 PROJECT
LAND: 3 1/2 AC
PRICE: $4.50 SF
CONFIRMED: SELLER
2.
GRANTOR: CONNELL DEVELOPMENT
GRANTEE: FRANK SNYDER
DATE: 1985
LOCATION: NORTHLAKE 635 PROJECT
LAND: 4.0 AC
PRICE: $4.25 SF
CONFIRMED: SELLER
3.
GRANTOR: CONNELL DEVELOPMENT
GRANTEE: JERRY SQUIRES
DATE: 1985
LOCATION: NORTHLAKE 635 PROJECT
LAND: ! 1/2 AC
PRICE: $4.25 SF
CONFIRMED: SELLER
4.
GRANTOR: GONNELL DEVELOPMENT
GRANTEE: VANTAGE
DATE: 1986
LOCATION: NORTHLAKE 63S PROJECT
LAND: 4 1/2 AG
PRICE: $4.00 SF
CONFIRMED: SELLER
S.
GRANTOR: DP&L
GRANTEE: GONNELL DEVELOPMENT
DATE: 1982 - 1985 (ASSEMBLAGE)
LOCATION: SW CORNER TRACT AT COWBOY DR. AND BELT LINE RD.
LAND: 95.? AC
PRICE: $1.33 SF AVG.
CONFIRMED: BUYER
GRANTEE: GULF OIL
DATE: 1985
LOCATION: COPPELL HEIGHTS ADDITION, LOT 9A (CORNER
LAND: 32,400 SF
PRICE: $13.50 SF
CONFIRMED: BROKER
GRANTEE: PARTNERSHIP J.V.
DATE:1985
LOCATION: COPPELL HEIGHTS ADDITION, LOT 9
LAND: 3.2 AC
PRICE: $8.50 SF
CONFIRMED: BROKER
APPRAISAL SUMMARY
OCTOBER 21 & 28, 1986
OWNER LEGAL DESC. MARKET VALUE MARKET VALUE ENHANCEMENT
BEFORE AFTER OR
IMPROVEMENT IMPROVEMENT SPECIAL
OF OF BENEFIT
BELTLINE BELTLINE
LESLEY ABST. 1521
TR. 12
5.33 AC $580,400 $672,000 891,600
LESLEY ABST. 1521
TR. 10
207,781 SF $519,450 $623,350 8103,900
LESLEY ABST. 1521
4.84 AC $527,000 $632,500 $105,500
LESLEY ABST. 1521
TR. 9
197,762 SF $494,000 $594,000 $99,600
LESLEY ABST. 1521
TR. 4
82,328 SF $205,800 $247,000 $41,200
LESLEY ABST. 1521
TR. 8
5.0 AC $544,500 $600,000 $55,500
LESLEY ABST. 56
TR. 1
183.83 AC $2,400,000 $4,100,000 $1,700,000
CONNELL ABST. 56
TR. 1
47.54 AC $2,754,000 $3,272,000 $518,000
CONNELL ABST. 56
TR. 2
48.22 AC $2,794,000 $3,319,000 $525,000
SANTE FE ABST. 1296
TR. 15
266.71 AC $3,235,750 85,825,000 82,589,250
DAIRY NORTH LAKE
QUEEN ESTATE
LOT 37 $275,000 $300,000 $25,000
GADDY/ NORTH LAKE
DAVIS ESTATE
LOT 36 $823,000 $892,000 $6,000
(NOTE: THIS PROJECT ONLY PROVIDES
35 LINEAR FEET OF IMPROVEMENT
ABUTTING THIS PROPERTY)
THOMPSON ABST. 1054
TR. 5
1.10 AC $144,000 $188,000 $11,800
(NOTE: THIS PROJECT ONLY PROVIDES
22.1 LINEAR FEET OF IMPROVEMENT
ABUTTING THIS PROPERTY)
MOBIL ABST. 1054
TR.
34,181SF $488,000 $557,000 $69,000
WHITEHEAD ABST. 1054
TR. 2
48,134 S288,000 $33?,000 S48,200
(NOTE: THIS PROJECT PROVIDES 30 LINEAR
FEET ON DENTON TAP AND 24.48 LINEAR
FEET ON BELTLINE EAST/WEST)
GULF COPPELL
HEIGHTS
LOT 9A $321,000 $380,000 $89,000
3827 COPPELL
ACRE HEIGHTS
PTSHP LOT 9 $?30,000 $?85,000 $55,000
NORTH COPPELL
LAKE HEIGHTS
LEARN- LOT 8 $205,000 $229,000 $24,000
ING
CTR
HOGAN COPPELL
HEIGHTS
LOT ? $234,000 $252,000 $18,000
COWBOY
CARWASH COPPELL
HEIGHTS
LOT 6 $435,000 $462,000 $2?,000
VAN NESS COPPELL
HEIGHTS
LOT 5 $148,000 $192,000 $44,000
BANK COPPELL
HEIGHTS
LOTS 2,3
14,15 $845,850 $942,000 $96,150
BANK COPPELL
HEIGHTS
LOTS 1,2
16,17 $302,000 $402,000 $100,000
TEXAS ABST. 843
UTILI- CITY OF
TIES DALLAS
BLK 8463
118.98 AC $???,000 $1,295,000 * $519,000
TEXAS ABST. 1521
UTILI- CITY OF
TIES DALLAS
BLK 8465
210.8 AC $1,378,000 $1,837,000 * $459,000
* As you are aware, during the public hearing of October 21, 198(
new information came to llght concerning possible uses of the park 2
owned by Texas Utilities. This information concerned uses that the
Ooppell City Council would approve. SVB had assigned a no enhancemE
value to the land based on information that the City of Coppe11 was
generally opposed to possible improvements in the park and allowlng
other recreational uses. During the hearing of October 21, 1986
we were informed that our information was in error and in fact the (
of Coppell would encourage the improvement of the park and would a12
certain specific outdoor recreational uses to be placed on the
property. This new information of the prospects for more active an¢
intensive recreational use for the property merits a significant ch~
in our opinion of the enhancement to the property from the improvemE
to Belt Line Road as shown above.
SUMMARY OF ASSESSMENTS ON SELECTED PROPERTIES
[0/28/86
LESLEY PROPERTY;.
TOTAL ACREAGE = 210.199
TOTAL SQUARE FEET = 9,156,268
TOTAL ASSESSMENT = 8533,216.18
TOTAL ASSESSMENT PER SF = $0.058 (5.8 GENTS PER SF)
TEXAS UTILITIES;
TOTAL ACREAGE = 392.78
TOTAL SQUARE FEET = 14,365,217
TOTAL ASSESSMENT = $622,537.50
TOTAL ASSESSMENT PER SF = $0.043 (4.3 GENTS PER SF)
Lou Duggan~ Mayor
ATTEST:
Dorothy Timmons, City Secretary
MINUTES 102886
MNITS